Promoter holding
64.27%
PH
Praj Hipurity Systems - Due diligence report
A 360° intelligence report on Praj Hipurity Systems: trust score, financial health, credit view, compliance, directors, growth and distress …
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Praj Hipurity Systems — 360° Intelligence Report
Generated from MCA filings & public records77/100
Trust Score
Low Risk
Praj Hipurity Systems is assessed as Low Risk with a Trust Score of 77/100. Praj Hipurity Systems is an active public limited indian non-government company incorporated in 2007, operating in the Environment sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and moderate financial risk profile.
Report generated on 05 Oct 2026 from the latest processed filings. Praj Hipurity Systems Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreLow Risk
77/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
71/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 70/100 Moderate
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 3 open (94.02 cr) · 13 satisfied (113.90 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
| State Bank Of India | 3 | 48.0 cr |
| The Royal Bank Of Scotland N. V. | 1 | 48.0 cr |
| Standard Chartered Bank | 1 | 48.0 cr |
| Citi Bank N.A. | 1 | 48.0 cr |
| The Bharat Co-Operative Bank (Mumbai) Ltd. | 3 | 48.0 cr |
Compliance Score: 71/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2025).
- Litigation present in 1 court forum(s).
- 1 auditor resignation(s) filed - latest: B.K.KHARE & CO. on 2015-06-10.
- 1 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANDEEP RAJNIKANT MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAMOD MADHUKAR CHAUDHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SACHIN VINAYAK RAOLE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHRIDHAR BHALCHANDRA SHUKLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MIHIR RASESH MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RUJUTA PRAKASH JAGTAP | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIKRAM SHRIRANG PANDIT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HIMANSHU VIRENDRA SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHISH MADHUKAR GAIKWAD | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Praj Industries Ltd.
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 6 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Praj Industries Ltd. | Holding Company | 74.00% |
Key managerial personnel: MIHIR RASESH MEHTA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Operating for 18+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
3 director exits within 2 years.
3 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence71/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment70/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 94.02 cr already registered.
- Compliance record supports lending.
Investor view72/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events06 Aug 2025
Last AGM held
Annual general meeting
05 Aug 2025
Director ceased
SACHIN VINAYAK RAOLE
Director ceased
RUJUTA PRAKASH JAGTAP
Director ceased
ASHISH MADHUKAR GAIKWAD
25 Apr 2025
Director appointed
ASHISH MADHUKAR GAIKWAD (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Jan 2025
Director appointed
SACHIN VINAYAK RAOLE (Director)
22 Jul 2024
Director appointed
RUJUTA PRAKASH JAGTAP (Director)
24 Jul 2023
Director appointed
MIHIR RASESH MEHTA (Whole-time director)
19 Sep 2022
Director ceased
MIHIR RASESH MEHTA
11 Apr 2022
Charge created
Standard Chartered Bank - 24.00 cr
18 Nov 2021
Director ceased
SHISHIR JOSHIPURA
01 Jun 2021
Director ceased
VIKRAM SHRIRANG PANDIT
31 Mar 2021
Share transfer (FY 2021)
10.00000000 shares to Sachin Vinayak Raole
05 Feb 2021
Director ceased
MRUNALINI HARISH JOSHI
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| Megatherm Induction Limited | L31900WB2010PLC154236 | Kolkata, West Bengal, India |
| Goldmedal Electricals | U31401MH2007PTC171667 | Malad West, Maharashtra, India |
| Sanseraindia | L34103KA1981PLC004542 | Bengaluru, Karnataka, India |
| Johnson Controls | L29300GJ1984PLC007470 | Ahmedabad, Gujarat, India |
| Praj | L27101PN1985PLC038031 | Pune, Maharashtra, India |
| Lm Wind Power Blades (India) Private Limited | U31101KA1993PTC026157 | Bangalore, Karnataka, India |
| Sharda Motor Industries | L74899DL1986PLC023202 | New Delhi, Delhi, India |
| Sandhar Automotive Systems Private Limited | U36100HR2017PTC069555 | Gurugram, Haryana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Praj Hipurity Systems before audits and certifications: compliance score 71/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Praj Hipurity Systems: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Favourable lending indicators. Credit risk score 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 70/100, margin trends, ownership structure and peer set for Praj Hipurity Systems - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether Praj Hipurity Systems pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Praj Hipurity Systems - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Praj Hipurity Systems an active company?
Praj Hipurity Systems has MCA status “Active” with a compliance score of 71/100 (Moderate).
Is Praj Hipurity Systems financially healthy?
Praj Hipurity Systems has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Praj Hipurity Systems?
Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Praj Hipurity Systems?
The ultimate holding entity is Praj Industries Ltd.. 9 active director(s) are on record.
Does Praj Hipurity Systems have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 13 earlier charge(s) stand satisfied.
Is Praj Hipurity Systems up to date with its ROC filings?
Balance sheet slightly behind (Mar 2025). Overall compliance score: 71/100 (Moderate).
Is it risky to lend to Praj Hipurity Systems?
Its Credit Risk Score is 70/100 (Moderate). Banker verdict: Favourable lending indicators.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
